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Required information [The following information applies to the questions displayed below.] On January 1, 2024, Coney Island Entertainment issues $1,400,000 of 5% bonds, due in

Required information [The following information applies to the questions displayed below.] On January 1, 2024, Coney Island Entertainment issues $1,400,000 of 5% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assume that the market interest rate is 6% and the bonds issue at a discount. 2a. Calculate the issue price of a bond. 2b. Complete the first three rows of an amortization schedule. (FV of $1. PV of $1. FVA of $1, and PVA of $1) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 2A Req 28 Complete the first three rows of an amortization schedule. (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.) Date Cash Paid Interest Expense Change in Carrying Carrying Value Value 1/1/2024 1,238,258 6/30/2024 $ 35,000 37,148 $ 2,148 1,240,406 12/31/2024 35,000 37,212 2,212 1,242,618

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